Jostens Announces $640 Million Dividend Recap
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)...
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November 30, 2023
Platinum Equity Provides Investment Solution for Founder-Owned Tarter
Tarter Farm and Ranch Equipment is a well-known brand that provides mission-critical products for farmers and ranchers in the U.S. The company is also the latest example of Platinum Equity providing a divestiture solution for a founder-owned company. Following similar acquisition paths as current portfolio companies like L&R, Arrow International and Hop Lun, Tarter also required a degree of understanding that there is a personal dynamic in such a transaction. Earlier this year, Platinum Equity announced the acquisition, which was spearheaded by the Small Cap investment team. Some ...
Read moreNovember 16, 2023
Club Car Provides Solar Vehicles at Ryder Cup – an Event First
Club Car provides fleet of solar-powered vehicles at the Ryder Cup for the first time in event history For the first time in Ryder Cup history, most of the event fleet cars were solar powered. And Club Car, the Georgia-based golf cart and utility vehicle manufacturer, provided the vehicles. Club Car shipped and assembled a fleet of 550 cars to assist with the staging and support of the event held earlier this year. The biennial event pitting the best American golfers vs. the top Europeans was held in Italy at the Marco Simone Golf & Country Club, which is located northeast of Rome...
Read morePress Releases • November 06, 2023
Kohler Co. to Establish Energy Division as Independent Business with Platinum Equity as Majority Interest Partner, Accelerating Long-Term Growth Strategies for both Organizations
Standalone business providing energy resilience solutions expected to benefit from Platinum Equity’s carve-out experience and operational expertise LOS ANGELES (Nov. 6, 2023) – Kohler Co. today announced the strategic decision to set Kohler Energy up as a separate, independent business with Platinum Equity engaged as the majority investment partner. Kohler will continue to stay invested in the Energy business following the closing and remains committed to supporting its upward trajectory built on a proven track record of strong performance in the global energy resilience marketpla...
Read moreNovember 01, 2023
Platinum Equity Races for Malibu Triathlon, CHLA Cancer Fight
MALIBU, Calif. – Platinum Equity associate Lindsay Saldebar knows firsthand the impact Children’s Hospital Los Angeles has on the community. That’s why when she learned that Platinum Equity’s annual involvement in the Malibu Triathlon helps to raise money for the hospital, she just had to participate. “My (family member) was treated at Children’s Hospital at a young age,” Saldebar said. “It’s a cause that is near and dear to my heart, and I think it’s awesome to see Platinum Equity giving back to such an awesome organization that supports so many children.” Salde...
Read morePress Releases • October 16, 2023
Platinum Equity to Acquire Co-Controlling Stake in US LBM
Platinum Equity and Existing Investor Bain Capital to Have Equal Ownership and Shared Commitment to Support Company’s Evolution as the Most Trusted Partner to Builders Across the Country LOS ANGELES (October 16, 2023) – Platinum Equity announced today the signing of a definitive agreement to acquire a co-controlling stake in US LBM, a leading distributor of specialty building materials in the United States, from Bain Capital Private Equity (“Bain Capital”). Bain Capital and Platinum Equity will have equal ownership stakes and joint Board governance. Financial terms of the priv...
Read morePress Releases • October 02, 2023
Platinum Equity to Acquire Majority Interest in the Cook & Boardman Group from Littlejohn
LOS ANGELES (September 29, 2023) – Platinum Equity announced today the signing of a definitive agreement to acquire a majority interest in The Cook & Boardman Group (“Cook & Boardman” or “C&B”) from Littlejohn & Co., LLC (“Littlejohn”). Littlejohn will remain a significant minority shareholder. Financial terms of the transaction were not disclosed. Established in 1955 and based in Winston-Salem, North Carolina, Cook & Boardman is a leading specialty distributor of commercial door and security integration solutions. The company offers a broad range of pro...
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